Sotherly Hotels Inc. 8.0% Series B Stock Forecast
Sotherly Hotels Inc. 8.0% Series B stock price up 0.429% on Wednesday
(Updated on Apr 24, 2024)
The Sotherly Hotels Inc. 8.0% Series B stock price gained 0.429% on the last trading day (Wednesday, 24th Apr 2024), rising from $19.12 to $19.20. During the last trading day the stock fluctuated 9.11% from a day low at $18.33 to a day high of $20.00. The price has risen in 5 of the last 10 days and is up by 3.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $133.33 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.93% during the next 3 months and, with a 90% probability hold a price between $17.58 and $19.60 at the end of this 3-month period.
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SOHOB Signals & Forecast
Mostly positive signals in the chart today. The Sotherly Hotels Inc. 8.0% Series B stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.65 and $19.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 5.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sotherly Hotels Inc. 8.0% Series B has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Sotherly Hotels Inc. 8.0% Series B stock
Sotherly Hotels Inc. 8.0% Series B finds support from accumulated volume at $19.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.67 between high and low, or 9.11%. For the last week the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: $18.35 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SOHOB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock to open at $19.18, and during the day (based on 14 day Average True Range), to move between $18.76 and $19.64, which gives a possible trading interval of +/-$0.441 (+/-2.30%) up or down from last closing price. If Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.25 (0.28%) than the support at $19.09 (0.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.390 Buy Candidate Unchanged
Predicted Opening Price for Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $19.18 ( 0.112%) | $19.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOHOB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.85 | 8.59 % | |
| R2 | 20.21 | 5.26 % | ||
| R1 | 19.81 | 3.21 % | ||
| Current price: | 19.20 | |||
| Support | S1 | 18.54 | -3.43 % | |
| S2 | 18.14 | -5.49 % | ||
| S3 | 17.51 | -8.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.60 | 2.10 % | |
| R2 | 19.30 | 0.535 % | ||
| R1 | 19.25 | 0.275 % | ||
| Current price | 19.20 | |||
| Support | S1 | 19.09 | -0.558% | |
| S2 | 19.04 | -0.82% | ||
| S3 | 19.00 | -1.03% |
SOHOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.500 | 2.56% |
| 2 | Oct 30, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.500 | 2.52% |
| 3 | Jul 31, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.500 | 2.17% |
| 4 | May 25, 2023 | Jun 29, 2023 | Sep 15, 2023 | $0.500 | 2.17% |
| 5 | Apr 24, 2023 | May 30, 2023 | Jun 15, 2023 | $0.500 | 2.02% |
FAQ
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